I'm going to buy BTC at $20k; are you with me?

Racc00n

Racc00n

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My thesis: AI bubble is about to burst, the economy has inflated since COVID, Buffet holding a huge chunk of cash, CME gap at 20k (technicals), you name it...
So what's more painful than a wipeout that happened yesterday? Slow bleed to new lows and capitulation at 20k.
Those who believe BTC will hit 1mil in the next 1-2 yrs, what's your argument?
 
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if 20K gets available in btc, i'll give u one. every cycle ppl are paid to spread the usual fud to shave off as much public as possible. it's not going anywhere, maybe 80-100K range but that's it imo.
 
ride along - lets watch and see,
 
If people are starting to believe that BTC is going to 20k this cycle, then it's time to buy more, a good indicator that the market will recovery soon
 
Market is simply overreacting to another tariff announcement, nothing more. If you put things into perspective, BTC price is simply back to where it was 2 weeks ago since we just pumped from like 109K to 125K. BTC going to 20k is highly unlikely - same goes for it going to 1 mil within 2 years. IMO even deep in the bear market it won’t go lower than 70-80K if you consider diminishing returns.
 
noithattuephat said:
if 20K gets available in btc, i'll give u one. every cycle ppl are paid to spread the usual fud to shave off as much public as possible. it's not going anywhere, maybe 80-100K range but that's it imo.
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don't promise what you can't do, we are not on X and engagement farming is useless here lol
nukara said:
Market is simply overreacting to another tariff announcement, nothing more. If you put things into perspective, BTC price is simply back to where it was 2 weeks ago since we just pumped from like 109K to 125K. BTC going to 20k is highly unlikely - same goes for it going to 1 mil within 2 years. IMO even deep in the bear market it won’t go lower than 70-80K if you consider diminishing returns.
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market doesn't repeat itself but it usually rhymes. take a look at the 2017 cycle top, it has many similarities with the current PA (Sun ATH then tank). the only difference is that this time the market had only a couple of hours to react to the new tariffs because the weekend was approaching.

fun fact: technically, the bear market of 2017 has started only a month later after confirming a lower high on a daily chart. I'm pretty sure there were a lot of folks who said "it's just a pullback, bro". all of them witnessed another 50% dump in Feb. and capitulation (another 50% flush) in Dec of that year. I think there is a lesson here.
 
Racc00n said:
don't promise what you can't do, we are not on X and engagement farming is useless here lol
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thx genius.

Racc00n said:
market doesn't repeat itself but it usually rhymes. take a look at the https://www.blackhatworld.com/seo/bitcoin-what-price-do-you-see-every-other-day-week-month.1655464/page-15#post-19914589, it has many similarities with the current PA (Sun ATH then tank). the only difference is that this time the market had only a couple of hours to react to the new tariffs because the weekend was approaching.

fun fact: technically, the bear market of 2017 has started only a month later after confirming a lower high on a daily chart. I'm pretty sure there were a lot of folks who said "it's just a pullback, bro". all of them witnessed another 50% dump in Feb. and capitulation (another 50% flush) in Dec of that year. I think there is a lesson here.
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here's my 2cents for all the self proclaimed 'market analysts' around here - don't complicate simple stuff & definitely stop using technical fluff words to sound smarter. nobody knows jack shite abt where things are headed, it's just a game of probabilities. And the probability that btc would touch 20K is very very miniscule, because it's an asset of it's kind, for such an asset there's no coming back from an 80% dive, ppl claiming 20Kish are just as stupid as ppl claiming it will hit zero & such ppl have been saying the same since 2015. 80K-100K zone? very probable.. 50-60K big maybe, anything below that? nada..
 
Racc00n said:
market doesn't repeat itself
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the only thing market does is repeat itself. put a grand on the line & i'll show you repeatable patterns all through 2025 in pretty much all classes of assets. put 10 grand on the line & i'll show you the same since the 90s.
 
This must be a joke of the century, even at peak of bear szn of this cycle, btc can never go back $20k again, well except there's world war 3 which is very very unlikely. I still see another leg up for btc maybe to 130k/135k zone before we peak for this cycle though. If this happen major alts like BNB will fly so hard, maybe 1500/2k, bsc memes will definitely go crazy too, I have been accumulating $4 and $PALU because of this thesis on BG, also got some Early hunter reward because of this.
 
What wipeout are we talking about? Bitcoin is at 113k.

This is one of the last dumps before the 150k/200k pump (end of year like always).

And then back to under 100k early 2026.
 
Bitcoin will reach 400K before 2027. It will be mass adopted by latino countries soon. it will never dump till 20K that's not knowing how works the world.
 
Maybe in the worst day of the next bear market, who knows
 
Racc00n said:
My thesis: AI bubble is about to burst, the economy has inflated since COVID, Buffet holding a huge chunk of cash, CME gap at 20k (technicals), you name it...
So what's more painful than a wipeout that happened yesterday? Slow bleed to new lows and capitulation at 20k.
Those who believe BTC will hit 1mil in the next 1-2 yrs, what's your argument?
Click to expand...
BTC at 20k is not happening, and will never happen.
 
I doubt it will happen i think the max it will dump to 40k
 
I’m holding cash too, but honestly feels like too many people are eyeing that same level.
 
I hold it so I am very confident that it will pull back to 120k
 
Racc00n said:
My thesis: AI bubble is about to burst, the economy has inflated since COVID, Buffet holding a huge chunk of cash, CME gap at 20k (technicals), you name it...
So what's more painful than a wipeout that happened yesterday? Slow bleed to new lows and capitulation at 20k.
Those who believe BTC will hit 1mil in the next 1-2 yrs, what's your argument?
Click to expand...
I don't think BTC will hit 1M, and if it does everything else will be inflated AF too.

I'm buying BTC all the time, but I really don't think it'll get to 1M. At least I hope it won't.
 
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